Every insurance company accepting risks and transacting the business of insurance therein,

Every incorporated company carrying on any labor, trade or business therein,

Every incorporated loan company making loans therein,

Every incorporated navigation company running a regular line of steamers, steamboats or other vessels in the waters thereof,

Every telegraph company working a telegraph line or part of a telegraph line therein,

Every telephone company working a telephone line therein, Every city passenger railway or tramway company working a line of railway or tramway therein, and

Every railway company working a railway or part of a railway therein,

Shall, annually, pay the several taxes mentioned and specified in article 1145, which taxes are hereby imposed upon each of such commercial corporations respectively. 51-52 V., c. 11,

s. 1.

Interpreta- 1144. In this section the following words and expressions tion of expres- have the meaning and application indicated in this article:

sions.

Bank.

Insurance

company.

Incorporated loan com

pany.

Incorporated company.

ead office.

"Bank" includes savings banks;

"Insurance company" comprises life, fire, ocean, inland marine, guarantee and accident insurance companies, but does not include mutual insurance companies organized under the laws of this Province;

"Incorporated loan company" includes building societies: but does not include those mutual building societies which have not a fixed capital, do not lend money to the public but only to their members, do not lend money at interest, do not levy any interest upon their members and whose members receive no dividend;

“Incorporated company" does not include companies publishing newspapers or periodicals, or societies or establishments, for the manufacture of butter or cheese, or of both, established under the third section of chapter fourth of title eleventh of these Revised Statutes, or the Dairy Association of the Province of Quebec, established under the thirteenth section of chapter seventh of title fourth of the said Revised Statutes, or the mutual insurance societies recognized by or established under the seventeenth and eighteenth sections of chapter third of title eleventh of the said Revised Statutes, or the companies established for the construction and maintenance of toll-bridges, or associations or companies established for drainage, agricultural or colonization purposes;

"Head office" means the most important office or place of business, in the Province of Quebec, of any commercial corporation. 51-52 V., c. 11, s. 2.

$ 2.-Tariff of Annual Taxes Imposed.

1145. The annual taxes imposed upon and payable by the Amount of commercial corporations mentioned and specified in article annual taxes 1143 shall be as follows:

upon:

I.-BANKS.

(a). One hundred dollars, on every one hundred thousand Banks; dollars or fraction of one hundred thousand dollars of the paid up capital, up to one million dollars, inclusively; fifty dollars for each one hundred thousand dollars or fraction of one hundred thousand dollars of the paid up capital, from one million dollars to three million dollars, inclusively; twenty-five dollars for each one hundred thousand dollars or fraction of one hundred thousand dollars of the paid up capital from three million dollars to six million dollars, inclusively, and fifteen dollars for each one hundred thousand dollars or portion of one hundred thousand dollars over six million dollars; except in the case of banks whose organization is outside of this Province but which have branches or agencies in the Province, which shall each pay a principal tax of a fixed amount of one tenth of one per cent. upon the amount of the paid up capital if such capital is one million dollars or less, of one thousand dollars if the paid up capital exceeds one million dollars but does not exceed two million dollars, and of fifteen hundred dollars if the paid up capital exceeds two million dollars;

and

(b). An additional tax of one hundred dollars for each office or place of business in the cities of Montreal and Quebec, of twenty dollars for each office or place of business in other place.

II. INSURANCE COMPANIES.

(a). An insurance company carrying on the business of kind of insurance only, five hundred dollars;

any

Additional taxes on

offices in Mon

treal and Quebec, and on offices elsewhere.

Company do

one ing only one

kind of insur

ance.

two Insurance

ing two or

(b). An insurance company carrying on the business of or more kinds of insurance at the same time, five hundred company dodollars for the first kind of insurance, and an additional sum more kinds of of fifty dollars for each kind of insurance beyond one;

insurance;

(c). Companies known as plate glass insurance companies Plate glass shall each pay a tax of one tenth of one per cent upon the amount of their paid up capital;

insurance companies

Additional

(d). An additional tax of one hundred dollars for each office tax on offices or place of business in the cities of Montreal and Quebec, and in Montreal of five dollars for each office or place of business established and Quebec, in any other place;

and on offices elsewhere;

(e). Every person acting as a broker for marine insurance Broker for incompanies, which do not carry on the business of insurance in surance companies doing the Province and have no office or place of business therein, business in shall pay a principal tax of two hundred dollars and an Province and additional tax of fifty dollars for each of his offices or places office therein.

of business.

having no

Incorporated companies;

Additional

tax on offices,

&c, treal and

in Mon

Quebec and on offices, &c., elsewhere.

Incorporated

ies;

III.-INCORPORATED COMPANIES.

(a). One tenth of one per cent upon the amount of the paid up capital to one million dollars, inclusively, and twenty-five dollars for each one hundred thousand dollars or fraction of one hundred thousand dollars for all sums over one million dollars;

(b). An additional tax of fifty dollars for each place of business, factory or workshop in the cities of Montreal and Quebec, and of twenty dollars for each place of business, factory or workshop in every other place.

IV. INCORPORATED LOAN COMPANIES.

(a). A company with a fixed capital exceeding five hundred loan compan- thousand dollars, four hundred dollars, with an additional sum of fifty dollars for each million dollars or fraction of one million dollars of the paid up capital of the company, over one million dollars;

Without fixed capital; Additional

tax on offices

and Quebec,

If the fixed capital exceeds four hundred thousand dollars, but does not exceed five hundred thousand dollars, three hundred dollars; if it exceeds three hundred thousand dollars, but does not exceed four hundred thousand dollars, two hundred and fifty dollars; if it exceeds two hundred thousand dollars but does not exceed three hundred thousand dollars, two hundred dollars; if it exceeds one hundred thousand dollars but does not exceed two hundred thousand dollars, one hundred and fifty dollars; if the fixed capital is one hundred thousand dollars or less, one tenth of one per cent. upon the amount of the capital;

(b). A company without a fixed capital, one hundred dollars; (c.) An additional tax of one hundred dollars for each office or place of business in the cities of Montreal and Quebec, and in Montreal of fifty dollars for each office or place of business in every and on offices other place, when the fixed capital of the company exceeds one hundred thousand dollars; when the fixed capital is one hundred thousand dollars or less, and when there is no fixed capital, the additional tax shall be fifty dollars for each office or place of business in the cities of Montreal and Quebec, and twenty-five dollars for each office or place of business in every other place.

elsewhere.

Incorporated navigation companies:

Additional

tax.

V.-INCORPORATED NAVIGATION COMPANIES.

(a). One tenth of one per cent. upon the amount of the paid up capital up to five hundred thousand dollars, inclusively, and fifty dollars for every one hundred thousand dollars or fraction of one hundred thousand dollars above five hundred thousand dollars;

(b). An additional tax of fifty dollars for the most important office or place of business in each of the cities of Montreal and Quebec, and of twenty dollars for the most important office or place of business in every other place,

VI.-TELEGRAPH COMPANIES.

(a). Every telegraph company and every other company Telegraph working a telegraph line for the use of the public, one tenth companies; of one per cent. upon the amount of the paid up capital up to

fifty thousand dollars, inclusively;

(b). Two thousand dollars for every company the paid up capital whereof exceeds fifty thousand dollars;

VII. TELEPHONE COMPANIES.

One tenth of one per cent upon the amount of the paid Telephone up capital if it is fifty thousand dollars or less, and fifteen companies; hundred dollars if the paid up capital exceeds fifty thousand

dollars.

VIII-CITY PASSENGER RAILWAY OR TRAMWAY COMPANIES.

Fifty dollars for each mile of single track of railway or City passentramway in operation, and one hundred dollars for each mile ger railway or of double track in operation.

IX.-RAILWAY COMPANIES.

tramway companies;

(a). The railway companies mentioned in the schedule of Railway this section, and every railway company having received or companies. receiving subsidies from the Government of this Province, ten

dollars for each mile of railway in operation.

(b) All other railway companies, five dollars for each mile of railway in operation. 51-52 V., c. 11, s. 3.

§3.-Lery and Application of Taxes.

1146. Such taxes shall be payable on the first juridical day Taxes, when of the month of July in each year. 51-52 V., c. Î1. s. 4.

payable.

able.

1147. The total amount of the taxes imposed upon any To whom commercial corporation coming under this section shall be taxes are paypayable annually to the collector of provincial revenue of the revenue district in which the commercial corporation has its head office. 51-52 V., c. 11, s. 5.

to send de

ly to Provin

1148. On or before the first day of May in each year, every Commerciali commercial corporation doing business in the Province shall, corporation without awaiting any notice or demand to that effect from the tailed stateGovernment, forward in duplicate to the Provincial Treasurer, ment annuala detailed statement in which shall be set forth, in so far as cial Treasrequired, in view of the collection of such taxes, by that part of urer. article 1145 referring to each class of commercial corporations, the name of the corporation, its nature, the amount of its capital paid up, the number and situation of each and all of its offices, places of business, agencies, stations, factories and workshops, and, in the case of railway and tramway companies, the number of miles in operation in the Province.

to do likewise.

Marine insur- At the same date in each year, every person acting as a ance brokers broker for one or more marine insurance companies, which do not carry on the business of insurance in this Province and have no office or place of business therein, shall make a report of the number and the situation of his offices or places of business, as well as the name and nature of each company for which he transacts the business of insurance.

Also to persons carrying

Every year also, on or before the first day of May, every on business person or firm carrying on business under a corporate name, under corpor- without being incorporated, shall notify the Provincial Treaswithout being urer thereof, without awaiting a notice or demand from the incorporated. Government and so as to satisfy the Government that there is no incorporation. 51-52 V., c. 11, s. 6.

ate name,

Penalty for non-compliance with preceding article.

Incomplete report considered null.

Fine upon corporated

firms not innot sending in

statement.

Recovery of

taxes by suit if unpaid.

Recovery of fines.

Before what court suit

brought.

Costs not to

be adjudged against collector; proviso as to cer

tain cases.

1149. Every commercial corporation carrying on business in the Province of Quebec, and every broker acting for the marine insurance companies described in the preceding article, who neglect to conform to the provisions of such article shall ipso facto be liable to a fine of ten dollars per day for each day during which such negligence continues, counting from the day such taxes become due until the statements required by the said preceding article are forwarded to the Provincial Treasurer.

Every such commercial company and every such broker, who shall make an incomplete or incorrect statement, shall be deemed not to have made a report. 51-52 V., c. 11, s. 7.

1150. Every person or firm not incorporated carrying on business under a corporate name, who has not on the first juridical day of July in each year made the statement require 1 by article 1148, shall be liable to the fine imposed by the preceding article. 51-52 V., c. 11, s. 8.

1151. Every annual tax imposed by this section, which is not paid, may be recovered with legal interest thereon from the date upon which such tax became due, by an action brought in his own name, on behalf of Her Majesty, by the collector of provincial revenue of the district in which such tax was payable.

The fine imposed by articles 1149 and 1150 shall be recoverable in the same manner.

2. All actions for the recovery of such taxes shall be brought in the judicial district in which they are payable, either before the Circuit Court or the Superior Court, according to the competence of the court with reference to the amount claimed.

3. Costs shall not be adjudged against the collector of provincial revenue in any action instituted by him under this Section; but, on the recommendation of the court, the Provincial Treasurer may, in his discretion, pay to the commercial corporation, in favor of which judgment has been rendered the costs to which he may deem it equitably entitled. 51-52 V., c. 11, ss. 9, 10 and 11.